Hi Everybody,
In order to become a successful real
estate investor there are certain skills that must be mastered. Learning what
these skills and practicing them will start you on the road to success.
There are five major skills that must
be mastered in this business. I call them the "5 M's of Real Estate
Investing.
Mining = Mentalidad
Money
= Dinero
Maintenance
= Mantenimiento
Marketing
= Publicidad
Managing
= Manejamiento
Mining is finding really good deals--deals that will almost guarantee an
exceptional return on your investment of money and time.
Money means finding the funding to
purchase your real estate investments. Unless you have an endless supply of
money-it will be necessary to develop the skill of finding an endless supply.
Maintenance, the easiest to master, is getting an investment property ready to
market. Just find a good and honest
maintenance contractor, train him or her to do what you want and how you want
it and you are done.
Marketing is critical to the success of real estate investing. You must learn how
to rent, sell or lease option the property quickly. Learn quickly and move the
property quickly. A real estate investment sitting unoccupied can and will put
a dagger in your chances of success.
Managing renters is probably
the most difficult skill to master. Not because it is the hardest to learn but
because many investors just don't spend the time and effort necessary to learn
how to manage their investment properties.
By learning and becoming really good at each
of the 5 M's you will increase your chances of investing success one hundred
fold. You can contact us if you need help at any time.
Se Habla Español!!!
Best of luck with your investing!
Manuel
B.
